CoastalSouth Bancshares (COSO) director receives 927 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoastalSouth Bancshares director Askins L. Scott received a grant of 927 restricted stock units on February 11, 2026. These RSUs convert into common stock on a one-for-one basis and are held as direct ownership. The award is scheduled to vest 100% on December 31, 2026, aligning the director’s compensation with future company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Askins L. Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 927 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 927 shares (Direct)
Footnotes (1)
- Restricted stock units ("RSU") convert into shares of the issuer's common stock on a one-for-one basis. RSU 100% vests on 12/31/2026.
FAQ
How many restricted stock units did Askins L. Scott receive from COSO?
Askins L. Scott received 927 restricted stock units from CoastalSouth Bancshares. These RSUs are a form of stock-based compensation that, once vested, will convert into 927 shares of the company’s common stock on a one-for-one basis, assuming continued service.
When do Askins L. Scott’s COSO restricted stock units vest?
The 927 restricted stock units granted to Askins L. Scott vest 100% on December 31, 2026. Vesting means the units become fully earned at that date, after which they convert into shares of CoastalSouth Bancshares common stock, subject to applicable plan terms.
Is the COSO director’s RSU grant an open-market stock purchase?
No, the grant to the COSO director is not an open-market purchase. It is an award of 927 restricted stock units at a price of $0.00 per unit, reflecting equity compensation rather than buying shares on the market with personal funds.
How do the COSO RSUs convert into common stock for the director?
The restricted stock units granted to the director convert into shares of CoastalSouth Bancshares common stock on a one-for-one basis. After they vest on December 31, 2026, each of the 927 RSUs becomes one share, increasing the director’s direct shareholdings.
What is the ownership type of Askins L. Scott’s COSO RSUs?
The 927 restricted stock units are reported as directly owned by Askins L. Scott. Direct ownership means the reporting person is considered the direct beneficial owner of the award, as opposed to holding it indirectly through another entity or account.